There are a lot of people out there that have gone through the financial ringer in the last few years from losing their jobs to surviving a divorce only to have a bankruptcy, foreclosure or shortsale and are now in limbo as they wonder how their ever going to fix their credit so you can start living again?
Are you one of the many people that fit this scenario above and are you trying to fix your credit?
Here are a few pointers for you to help get you started:
- Apply for credit card with a reasonable limit
- Buy something for approx. $100, and pay back in 2 months
- Do it again, and make sure to pay on time!
- 4 credit trade lines will be needed to obtain a mortgage typically but this is starting to losen up
- 12 months of activity are needed to develop credit history
If you are you trying to fix your credit and would like a free one on one consultation give me a call and I would be happy to explain in further detail how to find credit companies that will accept you and what further steps may be necessary.
In order to start getting back on track the time to start rebuilding is now so you can get a plan together and know where you stand.
Call me today if are you trying to fix your credit at 612-250-1544 or email me at chad.ronning@guaranteedrate.com.
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